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Exporter will spread Marmite to Madrid

DAVID BECKHAM and his wife, Victoria, will soon be able to stock up on their favourite brands of tea and biscuits in Madrid thanks to a British company that is about to float on AIM, writes Dominic O’Connell.

Lennox Holdings, which is expected to announce a float tomorrow, is buying European Supplies, a company that specialises in wholesaling British favourites such as Marmite and PG Tips to retailers in Spain, including Mas Y Mas and El Corte Ingles.

Peter Voller, chief executive, said European had to date concentrated on supplying centres on the Spanish coast that are popular with expat Brits, but that it planned to expand its business to the Spanish capital.

David Franks, European’s managing director, will join the board of Lennox and continue to run the Spanish operations.

Voller said the business was set up in 1992 and had steadily expanded since. “It was basically the idea